George L Varnum Tr 302000
EIN: 26003906 · Johnston, RI
| Metric | Value |
|---|---|
| Total Revenue | $60K |
| Total Expenses | $25K |
| Net Assets | $333K |
Is George L Varnum Tr 302000 Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About George L Varnum Tr 302000
George L Varnum Tr 302000 (EIN: 26003906) is a nonprofit organization based in Johnston, RI. The organization reported total revenue of $60K and total assets of $323K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of George L Varnum Tr 302000's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
George L Varnum Tr 302000 is a micro nonprofit, with 4 years of IRS 990 filings on record (2020–2023). Revenue has grown at a compound annual rate of -23.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $14K |
| Total Expenses | $25K |
| Surplus / Deficit | $-11,139 |
| Total Assets | $333K |
| Total Liabilities | $1 |
| Net Assets | $333K |
| Operating Margin | -78.2% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 157.3 months |
Financial Health Grade: B
In 2023, George L Varnum Tr 302000 reported a deficit of $11K with expenses exceeding revenue, holds 157.3 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 4 years of filings (2020–2023), George L Varnum Tr 302000's revenue has declined at a compound annual growth rate (CAGR) of -23.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -46.7% | -17.3% | -3.1% |
| 2022 | -12.1% | -4.2% | -1.1% |
| 2021 | -5.7% | +15.1% | -0.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for George L Varnum Tr 302000 has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates George L Varnum Tr 302000 with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $11K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Frequently Asked Questions about George L Varnum Tr 302000
Is George L Varnum Tr 302000 a legitimate charity?
George L Varnum Tr 302000 (EIN: 26003906) is a registered tax-exempt nonprofit based in Rhode Island. It has 4 years of IRS 990 filings on record. Total revenue: $60K. No red flags identified. Financial health grade: B.
How does George L Varnum Tr 302000 spend its money?
George L Varnum Tr 302000 reported $60K in total revenue in IRS 990 filings. 4 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to George L Varnum Tr 302000 tax-deductible?
George L Varnum Tr 302000 is registered as a tax-exempt nonprofit (EIN: 26003906). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is George L Varnum Tr 302000 located?
George L Varnum Tr 302000 is headquartered in Johnston, Rhode Island and files with the IRS under EIN 26003906.
How many years of IRS 990 filings does George L Varnum Tr 302000 have?
George L Varnum Tr 302000 has 4 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data. The most recent filing shows $60K in total revenue.
Filing History
IRS 990 filing history for George L Varnum Tr 302000 showing financial trends over 4 years of public records:
Over 4 years of IRS 990 filings (2020–2023), George L Varnum Tr 302000's revenue has declined by 55.8%, moving from $32K to $14K. Total assets decreased by 4.6% over the same period, from $349K to $333K. Total functional expenses fell by 8.8%, from $28K to $25K. In its most recent filing year (2023), George L Varnum Tr 302000 reported a deficit of $11K, with expenses exceeding revenue. The organization holds $1 in liabilities against $333K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $333K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $14K | $25K | $333K | $1 | — | — |
| 2022 | $27K | $31K | $343K | $1 | — | View 990 |
| 2021 | $30K | $32K | $347K | $1 | — | — |
| 2020 | $32K | $28K | $349K | $1 | — | — |
Year-by-Year Financial Summary
- 2023: Revenue of $14K, expenses of $25K, and assets of $333K (revenue -46.7% year-over-year).
- 2022: Revenue of $27K, expenses of $31K, and assets of $343K (revenue -12.1% year-over-year).
- 2021: Revenue of $30K, expenses of $32K, and assets of $347K (revenue -5.7% year-over-year).
- 2020: Revenue of $32K, expenses of $28K, and assets of $349K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for George L Varnum Tr 302000:
Data Sources and Methodology
This transparency report for George L Varnum Tr 302000 is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.